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Knife, I am not sure how these things work exactly. Fidelity told me that if you fund your account to cover a margin purchase then they will not ever do a margin call on you.
However, I also have a Interactive Brokers account that works differently. They require a cash position based on a formula even if you funded your account. If your account value should ever go down, they do a margin call if you originally purchased on margin.
I love working with Fidelity. No trading fees, no transfer fees, their Fidelity Active Trader platform suits my needs (I have no idea how to use all its features). I have almost everything with them. Credit card, checking, HSA. Greta customer service.
IB on the other hand, has terrible customer service depending on who you talk to. In my opinion, you definitely have to be a more experienced trader to use their services/platform.
Fidelity has no trading charges and no transfer fees. You have to sign a waiver that you understand the risks of trading penny stocks.
I'm not sure how it works. If you are selecting cash trades which Knife advises, then you have to wait until it clears. If you have enough in your portfolio to cover a margin purchase, then you might be able to buy sooner using margin purchases.
I don't recall PRs regarding OTCQB going that far back. It was regarding audits being completed that apparently didn't even get started. I attributed that to having inadequate accounting staff and not realizing the costs of audits. It didn't make sense to have such a large expense when there wasn't even much revenue in the early days. It's coming together now.
Thanks for sharing your thoughts. Wish I had a cash position to take advantage of other stocks that you know will rebound very quickly (relatively speaking).
You are so right...
"Today’s trading was not company-specific or stock-specific. Everything got killed".
How people/sellers fail to realize it is beyond me. People will figure this out in due time and this company will be a winner with its stock price soon.
Got some at .0285. Bought everyday this week. Of course, I wish I waited to buy everything today but it is what it is. Wish I had the tiem for day trading. This is an incredible week for the tractors and the like.
I think Randall and Mortimer Duke are screaming sell while Winthorpe is trying to buy. I think there is a halt. Can't get my order in.
Any day now you will be pumping again. How much have you bought in the last couple of days?
I'll play the guessing game at 3 PM Friday. Good days ahead.
The Hemp & CBD sector may grow but there are going to be a bunch of very hurting companies who might need to sell out or close their doors. Who would have thought Aurora Cannabis would become a penny stock again. Piss poor management may have screwed that company into oblivion.
How KGKG doesn't get stronger consideration with such clean financials and good management is beyond me. But it will get there.
Monster is a bad comparison. They were a juice company that had over a 100 million in juice sales revenue. They started to flounder, either bought out Monster or started it (can't remember), and then as Monster, their sales went through the roof, as well as the share price. Coca Cola buying something like 17% of Monster didn't hurt either.
As for those who think the marijuana leaves on the can will hinder KGKG growth, I think management would address that if they found it would help sales. They simply have an unbelievable product.
Frank, ACB is a ridiculous company. Unlimited authorized shares, over a billion shares outstanding, reverse split on the horizon. I really don't think that will happen here. The worse with KGKG would be the granting of more authorized shares. That would be disturbing.
Believe me, I hope I am wrong. But tractor has unfortunately been right more than most of us. Can only hope is WAY off on long term results.
I think I did the math wrong. I believe it would be just over .30 after 10 years. Whatever the case may be, I think we will do much better than .30 to .40 after 10 years.
You may be right. If the stock price appreciated 20% for the next 10 years from today's share price (estimate .05), we would only be at .40. Nice annual gains for sure, but a huge disappointment for just about everyone on this board.
Of course I hope you are wrong. I think the next year will dictate the possibilities of 5 years from now. Getting off the Pinks is imperative and a first step. I will definitely keep some investments in KGKG for 10 years as I believe 20% annual returns are realistic.
I could have seen the share price over .30 before the 4th quarter dilution (or was it 3rd quarter), but I think currently (this year) hitting .20 would be overly eagerly estimated. I believe revenue will grow exponentially quarter by quarter, year by year. I do think it can hit a dollar, but may take longer than anyone anticipated here. But I think IF it hits a dollar, it would get to $10 much faster than it took to get to $1.
I wouldn't get my hopes up too much with the uplist. It will still take some time for the share price to get up (wishing for one ridiculous run as short as it might be), but it will finally get this company more exposure. They are doing everything right.
I have Fidelity. No issues.
I don't think that is going to happen by June unless it has one of those crazy POTN, PURA, SHMP run ups that won't stay there very long. However, I do think it will get to .50 and more in the long run (2 years).
The energy waters, as well as STORM, have CBD, not hemp. Put me in the group that's not too thrilled with the amount of hemp in the products. That being said, all the drinks taste great and still a fan of KGKG overall. The waters remain my favorite. Would be great if they could add more CBD in them!
Tractor, do you think we will see .04s again? Any others with thoughts?
I am surprised we have dips under .06 at this time. Then again, I was surprised we went under .10 a few months ago. Humbling these dang penny stocks, that's what they be.
Red Bull is a private company. You probably mean Monster.
Monster has 543.58M shares outstanding and have a market cap of $37.07B.
KGKG has 763,967,603 shares outstanding with a market cap of $46,602,024. KGKG is not a $46M dollar company.
.50 cents is way too ambitious. Would be nice. Take it easy with the edibles!
Hey there. Has anyone heard from Jagmanjoe? I know he was ill. Thinking about you Joe. Hope things are better for you.
I am surprised as well. I picked up some shares after raisin my bid .0015. It cost me $130 dollars more but my bid wouldn't take the last few days. Then boom... right after I bought, it went down to .059. I can't wait for the uplist. I am very curious what that will do for us. I can't believe the prices on other stocks in this sector, but can't seem to break from buying more KGKG.
Sometimes people need money pronto. I have to decide how many shares to sell by May and hopefully it is around at least 15 cents. 20 cents would be golden!!
Thanks for your time and all the thought out posts that you make. I agree with your approach to "multiples" but more so when off the Pinks. Looking forward to the up-list and the audited numbers. Comparing to prior reporting will be interesting.
I still don't follow. KGKG is not an IPO. Up-listing seems to fulfill many of the things I see here with a S-1.
Can you provide further details on S-1?
What I found on internet is...
Form S-1 is an SEC filing used by companies planning on going public to register their securities with the U.S. Securities and Exchange Commission.
Also not sure what you mean by alternative reporting here. KGKG has listed pass reporting as according to GAAP. Expecting the same with the audit.
KGKG's initial disclosure was 3rd quarter 2015. Prior to August-2015, the company was Union Equity, Inc. Right from the get-go, the total authorized common shares was 1,000,000,000 with a par value of .0000001. Safe to say that early shareholders have made out quite nicely.
It will drop and then resume an upward trend. I believe with these last few PR's, we will be facing buy the "rumors", sell on the news. If you are buy and hold, it doesn't matter.
I can't imagine that it doesn't help. As long as inquiries aren't constant and persistent, letting management know our concerns can only help. This company, more than most, owes much of its early success to its shareholders' support.
.1499 was an abnormal high. This happens when a stock runs. I thought .10 was the floor truthfully and a few things happened to drop the stock below that threshold. I believe a main reason not to have sold between .08 and .12 was because it would have created taxable gains for many. If you were able to sell for tax losses, you need to have waited 30 days to get the benefit of tax loss selling. If you bought back in that period, it is a wash sale. I personally did not want to lose on any run up in stock price. I went with RC's announcement to uplist in 4th quarter. Unfortunately the uplist isn't happening until 2020. I would have sold some positions in 2019 if RC had said uplist occurs in 2020. In either case, I am comfortable with management. They are relatively transparent and seem to be running things properly. I was also uncomfortable with prior accounting staff, but they have seemed to have rectified that. Good luck to all!
Finally we know for certain that there have been audits completed.
They are 2 different companies that will require legal paperwork to be filed in order for the transaction to be completed. Kona will be booking a big gain (Over $1 million if I recall properly) that will result in positive retained earnings going forward as of 12/31/2019. That makes the financials look much better than negative RE.
Thanks Gator! Nice they took the time to talk to you.
I am skeptical of any company under the USMJ umbrella. Be careful with those Goldman Small Cap Research PR's. Good luck finding anyone else recommending that stock. Many investors have wrongly believed that Goldman Small Cap Research is part of a multibillion-dollar investment bank Goldman Sachs.
The only problem I have ever had with KGKG PR's is the references to audits and up-lists. They have been way behind schedule. But knowing how much audits costs, it really did not make sense for them to have one until recently. They are not allowed to issue stock to pay for the audit so they have had to wait for some reasonable cash flow to hire an independent CPA. So far, the company has been transparent. It will be interesting to compare prior released financial statements with the audited financial statements. I do expect variances since I think prior staff was not up to par with reporting requirements.
PURA has products and I believe it is a scam. But KGKG on the other hand has multiple distributors and being added monthly, seasoned employees being hired, locations in over 35 states, and on and on. It is reedickulous to call Kona a scam.